FINOPS CERTIFIED PRACTITIONER FOCP
EXAM PREP QUESTIONS AND ANSWERS
FULL SOLUTION GRADED A+
⩥ Three parts of a successful FinOps practice.
Answer: Real time reporting + just-in-time processes + teams working
together = FinOps
⩥ Core principles of FinOps.
Answer: 1) Teams need to collaborate
2) Decisions are driven by the business value of the cloud
3) Everyone takes ownership of their cloud usage
4) FinOps reports should be accessible and timely
5) A centralized team drives FinOps
6) Take advantage of the variable cost model of the cloud
⩥ unit economics.
Answer: measure cloud spend against a business metric (total revenue,
shipments made, paid subscribers, customer orders completed, etc.)
⩥ Chapter 1: What Is FinOps? conclusion.
,Answer: - FinOps is about collaboration between all teams inside an
organization.
- Everyone has a part to play and should become cost-aware.
- The core principles of FinOps should be the foundation of all processes
around cloud financial management.
- Real-time reporting gauges your current spend and optimizations.
- Data-driven processes are key to an organization becoming cost-
efficient.
- Business decisions can accelerate and match the rate of cloud resource
decisions.
⩥ OSSM.
Answer: on-demand
scalable
self-service
measurable
⩥ Chapter 2: Why FinOps? conclusion.
Answer: - Cloud spend has -- or soon will have -- a major effect on
organization balance sheets.
- The procurement team no longer has control of the spending. In cloud
this power has been pushed to engineers.
,- FinOps allows you to operate at the per-second speed of cloud rather
than relying on traditional monthly or quarterly spend reviews, which
allows you to avoid unexpected costs.
⩥ Why a centralized team?.
Answer: - unbiased team shares objective best practices and
recommendations so won't push a specific agenda
- fosters agreement that the spend data is objectively attributed to the
correct team
- defines what the organization uses as a business metric so everyone
speaks the same language
⩥ Executive persona.
Answer: examples: VP/Head of Infrastructure, VP/Head of Cloud
Management and Operations, CTO, CIO
- focus on driving accountability and building transparency, ensuring
teams are being efficient and not exceeding budgets
- drivers of the cultural shift that helps engineers begin considering cost
as an efficiency metric
⩥ FinOps practitioners persona.
Answer: examples: Cloud Cost Optimization Manager, Cloud FinOps
Analyst, Director of Cloud Optimization, Manager of Cloud Operations,
Cloud Cost Optimization Data Analyst
, - understand different perspectives and have cross-functional awareness
and expertise
- central team that drives best practices into the organization, provides
cloud spend reporting at all the needed levels, and acts as an interface
between various areas of the business
⩥ Engineering and operations persona.
Answer: examples: Lead Software Engineer, Principal Systems
Engineer, Cloud Architect, Service Delivery Manager, Engineering
Manager, Director of Platform Engineering
- focus on building and supporting services for the organization
- consider the efficient design and use of resources via activities such as
rightsizing, allocating container costs, finding unused storage and
compute, and identifying whether spending anomalies are expected
⩥ rightsizing.
Answer: the process of resizing cloud resources to better match the
workload requirements
⩥ Finance and procurement persona.
Answer: examples: Technology Procurement Manager, Global
Technology Procurement, Financial Planning and Analyst Manger,
Financial Business Advisor
EXAM PREP QUESTIONS AND ANSWERS
FULL SOLUTION GRADED A+
⩥ Three parts of a successful FinOps practice.
Answer: Real time reporting + just-in-time processes + teams working
together = FinOps
⩥ Core principles of FinOps.
Answer: 1) Teams need to collaborate
2) Decisions are driven by the business value of the cloud
3) Everyone takes ownership of their cloud usage
4) FinOps reports should be accessible and timely
5) A centralized team drives FinOps
6) Take advantage of the variable cost model of the cloud
⩥ unit economics.
Answer: measure cloud spend against a business metric (total revenue,
shipments made, paid subscribers, customer orders completed, etc.)
⩥ Chapter 1: What Is FinOps? conclusion.
,Answer: - FinOps is about collaboration between all teams inside an
organization.
- Everyone has a part to play and should become cost-aware.
- The core principles of FinOps should be the foundation of all processes
around cloud financial management.
- Real-time reporting gauges your current spend and optimizations.
- Data-driven processes are key to an organization becoming cost-
efficient.
- Business decisions can accelerate and match the rate of cloud resource
decisions.
⩥ OSSM.
Answer: on-demand
scalable
self-service
measurable
⩥ Chapter 2: Why FinOps? conclusion.
Answer: - Cloud spend has -- or soon will have -- a major effect on
organization balance sheets.
- The procurement team no longer has control of the spending. In cloud
this power has been pushed to engineers.
,- FinOps allows you to operate at the per-second speed of cloud rather
than relying on traditional monthly or quarterly spend reviews, which
allows you to avoid unexpected costs.
⩥ Why a centralized team?.
Answer: - unbiased team shares objective best practices and
recommendations so won't push a specific agenda
- fosters agreement that the spend data is objectively attributed to the
correct team
- defines what the organization uses as a business metric so everyone
speaks the same language
⩥ Executive persona.
Answer: examples: VP/Head of Infrastructure, VP/Head of Cloud
Management and Operations, CTO, CIO
- focus on driving accountability and building transparency, ensuring
teams are being efficient and not exceeding budgets
- drivers of the cultural shift that helps engineers begin considering cost
as an efficiency metric
⩥ FinOps practitioners persona.
Answer: examples: Cloud Cost Optimization Manager, Cloud FinOps
Analyst, Director of Cloud Optimization, Manager of Cloud Operations,
Cloud Cost Optimization Data Analyst
, - understand different perspectives and have cross-functional awareness
and expertise
- central team that drives best practices into the organization, provides
cloud spend reporting at all the needed levels, and acts as an interface
between various areas of the business
⩥ Engineering and operations persona.
Answer: examples: Lead Software Engineer, Principal Systems
Engineer, Cloud Architect, Service Delivery Manager, Engineering
Manager, Director of Platform Engineering
- focus on building and supporting services for the organization
- consider the efficient design and use of resources via activities such as
rightsizing, allocating container costs, finding unused storage and
compute, and identifying whether spending anomalies are expected
⩥ rightsizing.
Answer: the process of resizing cloud resources to better match the
workload requirements
⩥ Finance and procurement persona.
Answer: examples: Technology Procurement Manager, Global
Technology Procurement, Financial Planning and Analyst Manger,
Financial Business Advisor
